Global Location Analytics Market, By Application (Risk Management, Customer Experience Management, Remote Monitoring, Supply Chain Planning & Optimization, Emergency Response Management), By Component (Solutions, Services), By Location (Outdoor, Indoor), By Region - Size, Share, Outlook, and Opportunity Analysis, 2022 –2027.
Global Location Analytics Market
The Global Location Analytics Market was valued at USD 17.6 Bn in 2021 which is expected to reach USD 33.7 Bn by 2027, at a CAGR of 10.51% from 2022-2027.
The discipline of location analytics involves adding a layer of geographic data to a company's data assets to gain more insightful information. It's also known as "GeoAnalytics" at times. Business data from all sectors, including individuals, activities, payments, assets, and more, frequently has a geographic component. When this component is included in a performance study, it may reveal fresh insights into connected topics. This makes it possible to ask questions with more context about various business processes, providing a fresh perspective on trends and connections in the data.
Market Drivers
The location analytics market is expected to grow due to factors such as the need for companies to maintain a competitive edge, and the need for productivity improvements. Location analytics solutions and services are widely used by various organizations to improve efficiency and productivity to stay competitive. Organizations are leveraging location analytics solutions to ensure the timely completion of various projects such as climate change modeling, weather monitoring, human population forecasting, and providing geospatial information to various users to empower spatial reasoning and informed decision-making. As a result, the adoption of location analytics across verticals is expected to drive market growth.
Market Restraints
The location analytics market can be restrained by factors concerning short-term profitability and data security. A Return on Investment (Rol) is a primary concern for many businesses regardless of the numerous benefits provided by location analytics, and this serves as a significant barrier to the market's overall expansion.
Location analytics involves significant initial investment costs because the field is still in its infancy. To guarantee that location analytics run efficiently, businesses must also engage a technical crew that is both qualified and experienced. These could impede the overall expansion of the global location analytics market.
Market Segmentation
The global location analytics market is segmented by application, which includes Risk Management, Customer Experience Management, Remote Monitoring, Supply Chain Planning & Optimization, and Emergency Response Management. Further, the market is segmented by components of solutions and services, along with location types of outdoor and indoor.
Regional Analysis
The European region is expected to account for the highest growth in the location analytics market due to the extensive adoption of inexpensive sensors and the widespread usage of GPS systems for gathering location-based data, The use of these solutions in a variety of industries, such as transportation and logistics, communication services, and delivery systems, etc., is having an impact on corporate growth.
Key Players
IBM, Google, Oracle, Microsoft, Esri, SAS, SAP, CISCO, TomTom, Hexagon, Alteryx, Purple, Geomoby, Quppa.
Market Taxonomy
By Application
• Risk Management
• Customer Experience Management
• Remote Monitoring
• Supply Chain Planning & Optimization
• Emergency Response Management
By Component
• Solutions
• Services
By Location
• Outdoor
• Indoor
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa
Global Location Analytics Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Location Analytics Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Location Analytics Market, By Application
5.1 Y-o-Y Growth Comparison, By Application
5.2 Global Location Analytics Market Share Analysis, By Application
5.3 Global Location Analytics Market Size and Forecast, By Application
5.3.1 Risk Management
5.3.2 Customer Experience Management
5.3.3 Remote Monitoring
5.3.4 Supply Chain Planning & Optimization
5.3.5 Emergency Response Management
6 Global Location Analytics Market, By Component
6.1 Y-o-Y Growth Comparison, By Component
6.2 Global Location Analytics Market Share Analysis, By Component
6.3 Global Location Analytics Market Size and Forecast, By Component
6.3.1 Solutions
6.3.2 Services
7 Global Location Analytics Market, By Location
7.1 Y-o-Y Growth Comparison, By Location
7.2 Global Location Analytics Market Share Analysis, By Location
7.3 Global Location Analytics Market Size and Forecast, By Location
7.3.1 Outdoor
7.3.2 Indoor
8 Global Location Analytics Market, By Region
8.1 Global Location Analytics Market Share Analysis, By Region
8.2 Global Location Analytics Market Size and Forecast, By Region
9 North America Location Analytics Market Analysis and Forecast (2022-2027)
9.1 Introduction
9.2 North America Location Analytics Market Share Analysis, By Application
9.3 North America Location Analytics Market Size and Forecast, By Component
9.4 North America Location Analytics Market Size and Forecast, By Location
9.5 North America Location Analytics Market Size and Forecast, By Country
9.5.1 U.S.
9.5.2 Canada
9.5.3 Mexico
10 Europe Location Analytics Market Analysis and Forecast (2022-2027)
10.1 Introduction
10.2 Europe Location Analytics Market Share Analysis, By Application
10.3 Europe Location Analytics Market Size and Forecast, By Component
10.4 Europe Location Analytics Market Size and Forecast, By Location
10.5 Europe Location Analytics Market Size and Forecast, By Country
10.5.1 Germany
10.5.2 France
10.5.3 UK
10.5.4 Rest of Europe
11 Asia Pacific Location Analytics Market Analysis and Forecast (2022-2027)
11.1 Introduction
11.2 Asia Pacific Location Analytics Market Share Analysis, By Application
11.3 Asia Pacific Location Analytics Market Size and Forecast, By Component
11.4 Asia Pacific Location Analytics Market Size and Forecast, By Location
11.5 Asia Pacific Location Analytics Market Size and Forecast, By Country
11.5.1 China
11.5.2 Japan
11.5.3 India
11.5.4 Rest of Asia
12 Latin America Location Analytics Market Analysis and Forecast (2022-2027)
12.1 Introduction
12.2 Latin America Location Analytics Market Share Analysis, By Application
12.3 Latin America Location Analytics Market Size and Forecast, By Component
12.4 Latin America Location Analytics Market Size and Forecast, By Location
12.5 Latin America Location Analytics Market Size and Forecast, By Country
12.5.1 Brazil
12.5.2 Rest of Latin America
13 Middle East Location Analytics Market Analysis and Forecast (2022-2027)
13.1 Introduction
13.2 Middle East Location Analytics Market Share Analysis, By Application
13.3 Middle East Location Analytics Market Size and Forecast, By Component
13.4 Middle East Location Analytics Market Size and Forecast, By Location
13.5 Middle East Location Analytics Market Size and Forecast, By Country
13.5.1 Saudi Arabia
13.5.2 UAE
13.5.3 Egypt
13.5.4 Kuwait
13.5.5 South Africa
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15 Company Profiles
15.1 IBM
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2 Google
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3 Oracle
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 Microsoft
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 Esri
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 SAS
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 SAP
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 CISCO
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9 TomTom
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies
15.10 Hexagon
15.10.1 Overview
15.10.2 Offerings
15.10.3 Key Financials
15.10.4 Business Segment & Geographic Overview
15.10.5 Key Market Developments
15.10.6 Key Strategies
Others
11. Alteryx
12. Purple
13. Geomoby
14. Quppa
